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VIVHY

Vivendi

$20.15

0.27 (1.36%)

, MDIUY

Mediaset

13:08
10/19/16
10/19
13:08
10/19/16
13:08

Vivendi no longer willing to find amicable solution with Mediaset

Vivendi (VIVHY) has repeatedly stated that, up until now, it remained open to discussions in its dispute with Mediaset (MDIUY) and has continuously sought alternative solutions over the past several months. The only response to Vivendi's constructive approach was for Mediaset and Fininvest to issue aggressive public statements and to initiate multiple legal actions, including a new action intended to intimidate Vivendi filed on October 12, 2016, requesting a sequestration against 3.5% of Vivendi's share capital. Furthermore, Vivendi reaffirms that the Mediaset Premium business plan that it received, which forecasts a break-even point in 2018, is based on unrealistic assumptions, as pointed out by the Deloitte auditors' due diligence report. Therefore, the Vivendi Group cannot be held responsible for the current situation. In these circumstances, as of today Vivendi is no longer willing to give priority to finding an amicable solution and reserves the right to take all necessary action to defend its interests and those of its shareholders. Reference Link

VIVHY

Vivendi

$20.15

0.27 (1.36%)

MDIUY

Mediaset

VIVHY Vivendi
$20.15

0.27 (1.36%)

02/09/16
MACQ
02/09/16
UPGRADE
MACQ
Outperform
Vivendi upgraded to Outperform from Neutral at Macquarie
04/12/16
04/12/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Mediaset (MDIUY) upgraded to Buy and Equal Weight at Goldman and Barclays, respectively, following the Pay TV deal with Vivendi (VIVHY). 2. ArcelorMittal (MT) upgraded to Conviction Buy at Goldman saying a rising China tide lifts all boats. 3. Corning (GLW) upgraded to Buy at Goldman by analyst Doug Clark, who said he believes the TV supply chain is approaching a bottom and recommends investors buy Corning. He added that he sees a potential upturn in the LCD cycle, and when combined with earnings diversification, recent foreign exchange moves, stable glass prices, M&A, and stable shareholder returns, supports a higher multiple. 4. Corporate Office Properties (OFC) upgraded to Outperform at Credit Suisse with analyst Ian Weissman believing that the company should be able to achieve 6%-7% total NOI growth and now has a stable tenant base, that will result in meaningful share upside. 5. SAP (SAP) upgraded to Buy at Berenberg citing the recent underperformance of the shares and expectations for bookings growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/07/16
LEHM
06/07/16
DOWNGRADE
LEHM
Underweight
Vivendi downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Julien Roch downgraded Vivendi to Underweight with a EUR 16.50 price target.
10/04/16
DBAB
10/04/16
UPGRADE
DBAB
Buy
Vivendi upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Vivendi to Buy citing improvements in the company's French pay-TV business. The firm raised its price target for the shares to EUR 22 from EUR 21.
MDIUY Mediaset

04/12/16
GSCO
04/12/16
UPGRADE
GSCO
Buy
Mediaset upgraded to Buy from Neutral at Goldman
Goldman Sachs analyst Lisa Yang upgraded Mediaset to Buy following the Pay TV deal with Vivendi.
04/13/16
SOCG
04/13/16
UPGRADE
SOCG
Buy
Mediaset upgraded to Buy from Hold at Societe Generale
07/29/16
SOCG
07/29/16
DOWNGRADE
SOCG
Hold
Mediaset downgraded to Hold from Buy at Societe Generale

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